Friday, March 03, 2006

Board of Trade


Here is a daily chart of the Chicago Board of Trade.

I last discussed BOT here. As you can see on the chart the stock has significantly outperformed the market averages since mid-January. The volume pattern (not shown on the chart) shows several relatively high volume days associated with wide range up days during the advance. Both relative strength and volume make me confident that BOT will hit 142 (at least) before any extended drop begins.

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